Don’t Let This Happen to You

Don’t Let This Happen to You

A contractor (who is not a client) had good profits and profitability for the past several years. He negotiated a deal to sell his company. The process began in April and the April financial statements showed the company profitability. The business valuation and sales...
What Would You Do With $1.8 Million?

What Would You Do With $1.8 Million?

First my new manual – one version for business owners and one for CPA’s bookkeepers and financial professionals: Understanding Financial Statement Trends Business owners Click here for more information CPA’s bookkeepers and financial professionals...
Increase Profit and Wealth

Increase Profit and Wealth

First, thank you for reading Financially Fit Business. I hope the ideas I share help you grow a profitable business and significantly impact your life and the lives of your employees. This week is one of the rare times I use this space for me, and personal promotions....
Increase Profit and Wealth

25 Ways to be More Profitable – Conclusion

The final installment in this profitability series focuses on two often-overlooked issues: growing faster than your working capital can support and misaligning people with the wrong responsibilities. Sustainable growth and role fit can directly improve profit.

Increase Profit and Wealth

25 Ways to be More Profitable – Part 13

Here are profitability ideas for sales, marketing and customer activities. #21 – Know which of your marketing activities produce the best results Effective marketing is a combination of the right message sent to the right target customer using the right medium. Right...
Increase Profit and Wealth

25 Ways to be More Profitable – Part 12

These activities focus on billable hours or revenue producing hours. Customers write your paychecks. Your team members who produce your products and services are billable, i.e. revenue producing.  Here are profitability ideas for increasing billable hours.  #18 – Know...
Increase Profit and Wealth

25 Ways to be More Profitable – Part 11

Here are the next two ways to increase profitability. Your balance sheet tells you whether you are really profitable. Your P&L just tells you whether you are profitable for a specific period of time. The three ratios that I write about this week are called...